With gold under pressure this morning on the back of stronger stock markets, the strengthening US dollar and up-tick in US bond yields some focus on the primary US dollar gold price pressure factors is warranted. The primary gold bearish factors have been shifting in 2016, but are far from reversing. They include:
– Expectations of an extended Fed tightening cycle
– The strong US dollar
– Above average stock market returns
– Low volatility (VIX)
….for analysis on each of these points above go HERE
related:
For an alternate view go to Stewart Thomson’s: Fresh Gold Buy Signal Now
